Zacks: Brokerages Expect Archer-Daniels-Midland Company (ADM) to Post $0.54 EPS
Analysts expect that Archer-Daniels-Midland Company (NYSE:ADM) will post earnings per share of $0.54 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Archer-Daniels-Midland’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.49. Archer-Daniels-Midland reported earnings of $0.41 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 31.7%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, August 1st.
According to Zacks, analysts expect that Archer-Daniels-Midland will report full year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.52 to $2.70. For the next fiscal year, analysts forecast that the firm will report earnings of $2.91 per share, with EPS estimates ranging from $2.66 to $3.05. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Archer-Daniels-Midland.
Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.01. Archer-Daniels-Midland had a net margin of 2.21% and a return on equity of 7.88%. The business had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.15 billion. During the same period in the prior year, the business earned $0.42 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.
A number of brokerages have recently commented on ADM. Stifel Nicolaus dropped their price target on Archer-Daniels-Midland from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Tuesday, April 4th. Credit Suisse Group reaffirmed a “hold” rating and set a $46.00 price target on shares of Archer-Daniels-Midland in a research report on Friday, April 7th. Zacks Investment Research cut Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 31st. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, Vetr raised Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective on the stock in a report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.08.
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Shares of Archer-Daniels-Midland (NYSE:ADM) traded down 0.39% during midday trading on Friday, reaching $41.26. The company’s stock had a trading volume of 2,692,580 shares. Archer-Daniels-Midland has a one year low of $40.22 and a one year high of $47.88. The stock has a market cap of $23.45 billion, a PE ratio of 17.47 and a beta of 1.10. The firm has a 50-day moving average of $41.55 and a 200-day moving average of $43.61.
A number of large investors have recently modified their holdings of ADM. Thrivent Financial for Lutherans boosted its stake in shares of Archer-Daniels-Midland by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,018 shares of the company’s stock valued at $914,000 after buying an additional 1,000 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Archer-Daniels-Midland by 3.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,383,766 shares of the company’s stock valued at $108,818,000 after buying an additional 79,906 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Archer-Daniels-Midland by 1.3% in the fourth quarter. Teachers Advisors LLC now owns 822,132 shares of the company’s stock valued at $37,530,000 after buying an additional 10,845 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at $1,906,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at $850,000. Institutional investors own 72.56% of the company’s stock.
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